Saudi banks, often viewed as a benchmark for the region, have been struggling to shrug off the overhang from the 2008 financial crisis, and have been hit in particular by the more than $20 billion in loan defaults by the two family-owned businesses of Saad and Al-Gosaibi.
Continued political unrest caused Egypt’s benchmark stock index spacer to decline further on Monday, with added pressure coming from the selloff in other global markets.
The Iraqi government is expected to sign a $12 billion gas deal with Royal Dutch Shell and Mitsubishi Corp on Tuesday, Dow Jones reported.
On Saturday, South Sudan becomes the world's newest country and Africa's 54th state, a process that follows 50 years of bloodshed. Renewed violence on its borders has shaken hopes of a peaceful transition to nationhood, but the fledgling country is not a failed state in waiting, analysts and senior figures in the reconstruction effort told CNBC.com.
Bahrain began its highly-anticipated National Dialogue this week in an effort to restore confidence both domestically and internationally that the Kingdom is committed to working through issues that sparked unrest within its borders in mid-February.
The "Mad Money" host's four steps to prospering amidst negative news stories.
Unlike America, the Emirates are taking the future of energy and the current problems of pollution and climate change very seriously — both for environmental and solid business reasons.
Despite a manufacturing slowdown in Russia, China and Brazil, emerging markets will be key to the recovery of the global economy, Stephen King, chief economist at HSBC told CNBC.
Ahead of large-scale protests planned for this Friday, Egyptian Prime Minister Essam Sharaf stressed that the government respects the right of citizens to demonstrate peacefully.
The Arab Spring helped boost diamond prices as the region's wealthy individuals moved their cash from stocks and bonds to safe haven investments and tangible assets , a London-based fund manager told CNBC Tuesday.
Marvin Odum, Shell Oil president, shares his views on taxing the rich, the future of crude prices, and the politics of drilling oil.
Herve Ghesquiere and Stephane Taponier, the two French journalists that had been held hostage in Afghanistan for 547 days, landed on French soil on Thursday morning. Sources talk about the unusual path taken by the ransom.
The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.
A special military court in Bahrain yesterday convicted 21 - mostly Shiite - activists on charges of conspiring to overthrow the government during the unrest seen in the kingdom during February and March of this year. The court sentenced eight of these activists to life in prison and the others to terms of up to 15 years.
Despite political uncertainty induced by recent social turmoil, the Arabic Gulf region can remain attractive to Western investors, experts told CNBC on Wednesday.
The UAE and Qatar markets are in focus as the highly anticipated MSCI decision on whether or not to upgrade these markets from ‘frontier’ to ‘emerging markets’ status was delayed until December of this year.
Saudi Arabia is expected to enforce a highly-anticipated new mortgage law that could offer valuable opportunities for banks and investors seeking the next growth story in the Kingdom.
Emerging markets currently represent "about half of global growth," World Bank President Robert B. Zoelick told CNBC Tuesday.
In Afghanistan, the biggest threat is deadly air pollution, which jills more people than the war.
Saudi women are planning to take to the streets on Friday, not to push for democratic reforms, as has been a common theme in the Arab Spring, but for the right to drive.